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20121204
20121204
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's the impact of the federal sequester and the fiscal cliff. so we're certainly hopeful that the federal government will get its act together. but right now, what we're projecting, if the fiscal cliff and the federal sequester were enacted as it is in law, it would be about $26 million, in additional impacts to the city, and that's everything from hiv and aids services, homeless, cdbg funds for our community development block grants, it's a wide range of programs affecting kind of all -- sort of the whole range of social and public safety services that the federao government invests in through this city. so those are the kinds of concerns. it's a significant risk, i think. and that is why we looked so hard at other sources of funds for this supplemental. >> so the total on that would be 30, 32, and we have 15 reserve against it. so it's a question back to my colleagues, why are we doing this right now with this pocket of money? again fully support this money that. but why are we pulling from state reserves bh when we know we're getting a cut in a month and upwards of 30 million that we d
. >> the fiscal cliff you mean? >> well i'm doing a conference call tomorrow with nsca about the possible impact of equest ration. but whatever they look like, and if they occur, it would be good for us to understand what that impact might be on us, i think. that's another piece -- something that we're going to need, information we're going to need if we're going to -- before we start doing the budget development in my view, we need to understand these various things. thank you. >> commissioner -- >> i just wanted to announce that the mission education center is having their annual first thanksgiving on friday, and the chinese education center is having their first thanksgiving in america for their students next week on the 20th. >> commissionerh1ñ?ñ?ñ maufas. >> commissioner maufas: you continue to draw out the meeting because it's not yet close to 7:30. thank you. >> we're trying our best. item t, report ofç actions. closed session actions of october 30, 2012, board of education with a vote of 5 ayes, two absentees and -- in the case of the 9th commission corporation versus?áh cgc-is 1-51
Search Results 0 to 1 of about 2